EUR/NZD – Currency exchange rate forecast 14.05.2019: rebound towards 1.7151

EUR/NZD - Currency exchange rate forecast 14.05.2019: rebound towards 1.7151

Our preference: rebound towards 1.7151.

Our pivot point stands at 1.7009.

Our preference: rebound towards 1.7151.

Alternative scenario: the downside breakout of 1.7009 would call for 1.6955 and 1.6923.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (1.7051) but below its 50 MA (1.7066).

Supports and resistances:

1.7215 **

1.7183 *

1.7151 **

1.7119

1.7054 last

1.7031

1.7009 **

1.6955 *

1.6923 **

EUR/NZD – Currency exchange rate forecast 11.05.2019: the downside prevails as long as 1.7064 is resistance

EUR/NZD - Currency exchange rate forecast 11.05.2019: the downside prevails as long as 1.7064 is resistance

Alternative scenario: the upside breakout of 1.7064 would call for 1.7118 and 1.7150.

Our pivot point is at 1.7064.

Our preference: the downside prevails as long as 1.7064 is resistance.

Alternative scenario: above 1.7064, look for 1.7118 and 1.7150.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.7023 and 1.7023).

Supports and resistances:

1.7150 **

1.7118 *

1.7064 **

1.7042

1.7021 last

1.6947

1.6914 **

1.6882 *

1.6850 **

EUR/NZD – Currency exchange rate forecast 10.05.2019: the downside prevails as long as 1.7066 is resistance

EUR/NZD - Currency exchange rate forecast 10.05.2019: the downside prevails as long as 1.7066 is resistance

The configuration is negative.

Our pivot point is at 1.7066.

Our preference: the downside prevails as long as 1.7066 is resistance.

Alternative scenario: above 1.7066, look for 1.7120 and 1.7152.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.7023 and 1.7027).

Supports and resistances:

1.7152 **

1.7120 *

1.7066 **

1.7044

1.7022 last

1.6957

1.6924 **

1.6892 *

1.6860 **